Libra Probe Stalls in Argentine Congress: What's Happening?

The commission in charge of investigating the Libra incident failed to get hold of the testimonies of several government officials. Karina Milei, the sister of President Milei and General Secretary of the Presidency, has been summoned to testify before the commission but has failed to appear twice.

Libra Probe Faces Headwinds: Argentine Officials Fail to Testify

The case of Libra, the alleged meme coin linked to President Javier Milei’s promotion, is still ongoing in Argentina. A congressional commission investigating the links between some government officials and the token launch is currently stalled due to the failed attempts to obtain the testimonies of these officials.

Among these is Karina Milei, Javier Milei’s sister and General Secretary of the Presidency, who has failed to appear twice before the commission. Other relevant officials who have not attended the commission call are the Argentine Justice Minister Mariano Cuneo, the National Securities Commission (CNV) President Roberto Silva, and the Financial Information Unit (UIF) President Paulo Starc.

Hayden Davis, CEO of Kelsier Ventures, one of the companies behind Libra, mentioned Karina Milei as the middleman in his relationship with President Milei, claiming that he exerted control over him through bribes. “I send money to his sister, and he signs whatever I say and does what I want,” he boasted in text messages.

Due to her repeated absences, the commission voted to require a date to send a delegation to Karina Milei’s office and receive her testimony on the subject. If she fails to respond, the commission can appeal to national courts to force her to appear and testify.

Manuel Adorni, the presidential spokesman, referred to this situation, stating that Karina Milei would “comply with all regulations and everything she considers prudent to do.” Nonetheless, local media sources claim that she has no intention to attend any summons issued by this commission.

The launch of Libra and its subsequent downfall left tens of thousands affected, registering millions in losses. Nonetheless, President Milei has stated that most of the involved were “volatility operators.” “They knew very well the risk they were taking. If you go to the casino and lose money, it’s your problem,” he stressed in February.